Northwire Canada EditionThursday, October 15, 2026
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Financings Neutral

Tradr Brings Double Long and Short Leverage to SpaceX

Leveraged ETF issuer capitalizes on SpaceX IPO with dual-directional trading tools

By The Northwire Desk — AI Analysis Jun 15, 2026 · 06:46 SPCM NaN
Executive Summary
  • The most recent release (June 15, 2026) confirms the official launch of two leveraged single-stock ETFs: SPCM (2X Long) and SPCG (2X Short), which track SpaceX (Nasdaq: SPCX).
  • The funds target sophisticated investors and professional traders, offering daily reset leverage that seeks 200% long or -200% short daily performance before fees.
  • Tradr is ringing the Cboe Opening Bell on June 15, 2026, with the event broadcast live on CNBC.
  • The launch is explicitly timed to coincide with SpaceX's anticipated public market debut, providing directional trading tools for both bullish and bearish market views.
  • Risk disclosures emphasize that the products are for short-term trading only, with daily reset mechanics that can cause performance divergence over longer periods and a high risk of total loss if the underlying stock moves more than 50% adversely in a single day.
Material Impact
  • The launch represents an incremental expansion of Tradr's product lineup rather than a fundamental shift in its business model.
  • Leveraged single-stock ETFs typically command higher management fees than broad index funds, offering potential AUM and fee revenue growth if trading volume is strong.
  • However, the product is highly specialized, targeting a narrow segment of active traders. This limits addressable market size and introduces higher regulatory and reputational risk if underlying volatility triggers rapid outflows or investor losses.
  • The market likely already priced in the launch given the June 11 announcement and June 14 promotional events. No new financial guidance, valuation changes, or strategic pivots are disclosed.
SPCM · Price
Company Overview
  • Tradr ETFs, managed by AXS Investments, is an asset manager specializing in leveraged and inverse single-stock ETFs.
  • The firm manages over $7 billion in assets across 65 leveraged ETFs, focusing on short-term trading tools with daily reset leverage.
  • Existing product lineup includes space-economy focused ETFs such as the 2X Long ASTS Daily ETF and the 2X Long FLY Daily ETF.
  • Products are distributed through ALPS Distributors, Inc., and are accessible via most major brokerage platforms.
  • The business model relies on management fees and trading volume, with a clear emphasis on sophisticated, short-term market participants.
Read the original news release →

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Jun 14, 2026 · 08:45

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